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Canaccord Highlights Strengths and Weaknesses for Facebook Inc (FB) and Glu Mobile Inc. (GLUU) Ahead of Q3 Results

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Earnings season is about to bring in some key tech stock updates from Facebook Inc (NASDAQ:FB) and Glu Mobile Inc. (NASDAQ:GLUU) this week. Canaccord analyst Michael Graham is chiming with quite a bullish forecast for Facebook’s third-quarter print, one which he expects will be yet another robust chapter in FB’s earnings book, not phased by rival Snapchat. However, when it comes to Glu Mobile, Graham makes a case for a different, riskier tale and exercises a great deal of caution as he underscores the various challenges confronting GLUU’s quarter results.

As usual, we like to include the analyst’s track record when reporting on new analyst notes to give a perspective on the effect it has on stock performance. According to TipRanks, five-star analyst Michael Graham is ranked #212 out of 4,178 analysts. Graham has a 52% success rate and gains 8.2% in his annual returns. When recommending FB, Graham earns 29.6% in average profits on the stock. However, when suggesting GLUU, Graham loses 8.4% in average profits on the stock.

Let’s take a closer look:

Facebook Inc

Tomorrow, November 2nd, Facebook is preparing to deliver what Graham anticipates will be another stellar notch in a belt of solid quarters and “positive stock moves” for the social media giant.

In FB’s well-rounded rising arc that tells the tale of a giant who continues to surge, Graham he cannot help but wonder, “We are consistently asking ourselves when the beat and raise music might stop. That said, we continue to find the company’s multi-faceted growth appealing.”

Therefore, the analyst reiterates a Buy on shares of FB with a $160 price target, which represents just under a 22% increase from current levels.

For the third quarter, the analyst projects monthly active users (MAUs) will...


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